2. Chenko Products, Inc.
Schedule of Cost of Goods Manufactured
For the Year Ended December 31
Direct materials:
Raw materials inventory, Jan. 1 ... $ 10,000
Add: Purchases of raw materials... 400,000
Materials available for use ... 410,000
Deduct: Raw materials inventory, Dec. 31 ... 40,000
Raw materials used in production ... 370,000
Less indirect materials ... 50,000 $320,000
Direct labor ... 76,000
Manufacturing overhead applied to work in
process... 480,000
Total manufacturing costs... 876,000
Add: Work in process, Jan. 1 ... 44,000
Bạn đang xem 2. - SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH03 SYSSTEMS DESIGN JOB ORDER COSTING
